Common use of Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes Clause in Contracts

Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. If any such exchange or transfer from a Definitive Note to a beneficial interest is effected pursuant to this (d) at a time when, as applicable, an Unrestricted Global Note has not yet been issued or is not then outstanding or no Restricted Global Notes bearing the appropriate legends are then outstanding, the Company shall issue and, upon receipt of an Company Order in accordance with Section 3.03 of the Base Indenture, the Trustee shall authenticate one or more Restricted Global Notes bearing the appropriate legends or one or more Unrestricted Global Notes, in each case as applicable, in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred.

Appears in 3 contracts

Sources: Eighth Supplemental Indenture (Ares Strategic Income Fund), Seventh Supplemental Indenture (Ares Strategic Income Fund), Third Supplemental Indenture (Ares Strategic Income Fund)

Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Unrestricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. If any such exchange or transfer from a an Unrestricted Definitive Note or a Restricted Definitive Note, as the case may be, to a beneficial interest is effected pursuant to this subparagraphs (dii)(B), (ii)(D) or (iii) above at a time when, as applicable, when an Unrestricted Global Note has not yet been issued or is not then outstanding or no Restricted Global Notes bearing the appropriate legends are then outstandingissued, the Company shall issue and, upon receipt of an Company Authentication Order in accordance with Section 3.03 3.3 of the Base Indenture, the Trustee shall authenticate one or more Restricted Unrestricted Global Notes bearing the appropriate legends or one or more Unrestricted Global Notes, in each case as applicable, in an aggregate principal amount equal to the principal amount of Unrestricted Definitive Notes or Restricted Definitive Notes, as the case may be, so transferred.

Appears in 2 contracts

Sources: Supplemental Indenture (Allied Waste Industries Inc), Supplemental Indenture (Allied Waste Industries Inc)